Machin Street, Tunstall, Stoke On Trent, ST6

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Vacant Property - 60 Machin Street, Tunstall, Stoke-on-Trent
Starting Price: £60,000

A fantastic opportunity for investors and landlords! This two-bedroom property, located in the heart of Tunstall, Stoke-on-Trent, has been recently repainted and fitted with new carpets, making it even closer to being rental-ready. With an estimated rental income of £650.00 per month, this property is an excellent option for those seeking a high-yield investment.

The property's updates ensure minimal work is required to achieve full market readiness, and with a starting price of just £60,000, this represents incredible value in a highly sought-after area.

Key Features:

Vacant possession: Ready for immediate occupancy or minor finishing touches.
Recently updated: Freshly repainted and fitted with new carpets throughout, enhancing its appeal to prospective tenants.

Attractive rental yield: Estimated at £650.00 per month, offering excellent returns.
Desirable location: Situated in Tunstall, popular area with strong rental demand due to its proximity to local amenities, schools, and transport links.

Investment-ready: Minimal work required to bring the property to a fully rentable standard.
Competitive pricing: Starting price of just £60,000, providing excellent affordability.
Location Highlights:

Conveniently located near Tunstall town centre, offering supermarkets, cafes, and retail shops.
Excellent transport links, including nearby bus routes and easy access to the A500 and M6, ideal for commuters.

Close to schools, parks, and amenities, making it a desirable location for families and professionals.
Additional Investment Potential:
With recent updates, this property is ideal for landlords seeking a low-maintenance investment. Further minor improvements or furnishings could enhance its rental value even further, ensuring strong tenant interest.

Auction Details:
Don't miss the opportunity to secure this fantastic investment property. Whether you're expanding your portfolio or looking for your first rental property, this recently updated home is the perfect choice.

Tenure: Freehold